SEOUL, May 26 (Korea Bizwire) — KT Corp., a major telecom firm in South Korea, said Wednesday it has joined hands with a local insurer to develop insurance coverage programs for service robots. KT signed a partnership with DB Insurance Co. to offer insurance programs dedicated solely to artificial intelligence (AI)-powered services. Starting next month, [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s leading internet portal operator Naver Corp. on Tuesday unveiled its supersized artificial intelligence (AI) platform, dubbed “HyperCLOVA.” Naver said HyperCLOVA boasts the world’s top-level AI technology, developed based on a new super computer adopted by the tech giant last October. HyperCLOVA is equipped with over 204 billion [...]
SEOUL, May 23 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Sunday it signed an agreement with the country’s top science and technology university to establish a research institute for artificial intelligence (AI) and software development. Under the agreement, KT will work with the Korea Advanced Institute of Science and Technology [...]
SEOUL, May 22 (Korea Bizwire) — As the pandemic fuels demand for online activities, South Korean tech companies are bolstering efforts to develop “metaverse” platforms that allow users to shift their physical experiences to a virtual space. Metaverse refers to a virtual space, often incorporating augmented reality (AR) technology, in which users interact with others [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday the country has launched an industry alliance to bolster the development of “metaverse” technology and ecosystems. The metaverse refers to a shared virtual space, in which users interact with each other through digital avatars and experience a virtual reality (VR) world. The new [...]
SEOUL, May 17 (Korea Bizwire) — LG Group, South Korea’s fourth-largest conglomerate, said Monday it will invest more than US$100 million for the next three years to establish massive high-performance computing infrastructure for advanced artificial intelligence (AI) development. LG AI Research, the group’s AI R&D hub, plans to develop a “hyper-mega AI” system resembling a [...]
SEOUL, May 5 (Korea Bizwire) — LG Electronics Inc. has partnered with GS Retail Co., the operator of convenience store chain GS25, to expand its indoor robot delivery service. At the GS25 convenience store located within the GS Tower in Seoul’s Gangnam neighborhood, the South Korean tech giant recently launched an indoor robot delivery service [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s data protection watchdog on Wednesday imposed a hefty monetary penalty on a startup for leaking a massive amount of personal information in the process of developing and commercializing a controversial female chatbot. The Personal Information Protection Commission (PIPC) said Scatter Lab, a Seoul-based startup, was ordered to [...]
SEOUL, April 19 (Korea Bizwire) — South Korea said Monday it plans to crack down on any illegality involving cryptocurrencies, such as money laundering, until June amid skyrocketing prices of virtual money. The interagency crackdown comes as the latest frenzied buying of bitcoin and other cryptocurrencies raises concerns about speculative investments and potential illegal activities, [...]
SEOUL, April 19 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday it has commercialized the world’s first 5G-based disinfection robot in a move to automate anti-infection efforts against COVID-19 in health care facilities. The telecom operator said it partnered with Yongin Severance Hospital to deploy the robot, which uses a [...]